Diodes Inc. (DIOD) Director Sells $110,000.00 in Stock
Diodes Inc. (NASDAQ:DIOD) Director John M. Stich sold 5,000 shares of Diodes stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $22.00, for a total transaction of $110,000.00. Following the completion of the transaction, the director now directly owns 35,700 shares of the company’s stock, valued at $785,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Diodes Inc. (NASDAQ:DIOD) opened at 22.11 on Tuesday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 109.46 and a beta of 1.22. The stock has a 50 day moving average of $20.78 and a 200-day moving average of $19.60. Diodes Inc. has a 52 week low of $16.58 and a 52 week high of $25.20.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The firm had revenue of $250.70 million for the quarter, compared to analysts’ expectations of $250.75 million. Diodes had a net margin of 1.66% and a return on equity of 4.44%. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. On average, analysts anticipate that Diodes Inc. will post $0.85 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System boosted its position in Diodes by 9.2% in the second quarter. California Public Employees Retirement System now owns 82,700 shares of the company’s stock worth $1,554,000 after buying an additional 7,000 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Diodes during the second quarter valued at about $876,000. Swiss National Bank boosted its position in shares of Diodes by 4.8% in the second quarter. Swiss National Bank now owns 67,400 shares of the company’s stock valued at $1,266,000 after buying an additional 3,100 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Diodes by 0.6% in the second quarter. California State Teachers Retirement System now owns 79,879 shares of the company’s stock valued at $1,501,000 after buying an additional 489 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Diodes during the second quarter valued at about $1,458,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.
Several research analysts have issued reports on DIOD shares. Zacks Investment Research cut shares of Diodes from a “hold” rating to a “sell” rating in a report on Thursday, November 10th. Robert W. Baird reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Diodes in a report on Friday.
Diodes Company Profile
Diodes Incorporated is a global manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.
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